https://www.taxtmi.com/caselaws?id=359287 The tribunal determined that the transaction involving the transfer of "rights and privilege of export of sugar quota" should be classified as the sale of goods, following precedents set by the Supreme Court. Drawing parallels with REP licenses and DEPB, the tribunal concluded that such rights hold intrinsic value and are akin to market commodities, falling under the definition of goods for sales tax purposes. Therefore, the tribunal upheld the decision confirming the classification of the transaction as the sale of goods, dismissing the appeal with no service element involved. en-us Tue, 19 Sep 2017 00:00:00 +0530 Fri, 27 Apr 2018 06:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359287 The tribunal determined that the transaction involving the transfer of "rights and privilege of export of sugar quota" should be classified as the sale of goods, following precedents set by the Supreme Court. Drawing parallels with REP licenses and DEPB, the tribunal concluded that such rights hold intrinsic value and are akin to market commodities, falling under the definition of goods for sales tax purposes. Therefore, the tribunal upheld the decision confirming the classification of the transaction as the sale of goods, dismissing the appeal with no service element involved. Case-Laws Service Tax Tue, 19 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359287